D.R. Horton Rallies Toward Record With Fed Pause in the Cards

June 5, 2023
Norah Mulinda - Bloomberg

D.R. Horton Inc. rallied toward a record high Wednesday as investors bet that the home-building giant will benefit from an eventual pause in the Federal Reserve’s cycle of interest-rate increases.

The company’s shares reached an intraday record high before paring the advance to close up 1% at $109.63, just below the April 28 all-time closing high of $109.82.



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